Want to see GB:AVAP full AI Analyst Report?
Top Page
Avation
(LSE:AVAP)
Select Model
Select Model
Rating:48Neutral
Price Target:
133.00 p
â–Ľ(-3.97% Downside)
Action:Reiterated
Date:08/04/26
Overall score is held back primarily by weak financial performance driven by net losses and high leverage, despite some operating efficiency and cash-flow resilience. Technical indicators are broadly neutral with no strong momentum signal. Valuation lacks support due to the negative P/E and low dividend yield, while recent buybacks and operational announcements provide a modest positive offset.
Positive Factors
Operational efficiency (EBIT/EBITDA margins)
Reported strong EBIT and EBITDA margins indicate durable operating efficiency in the leasing business. High underlying margins provide a structural buffer against revenue volatility, improve cash conversion potential, and make recovery to net profitability more achievable if top-line trends persist.
Negative Factors
High leverage
A materially high debt-to-equity ratio and low equity ratio create lasting financial risk. Elevated leverage increases interest and refinancing exposure, limits strategic flexibility, and amplifies downside in slower leasing cycles, making capital structure a persistent constraint on durable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational efficiency (EBIT/EBITDA margins)
Reported strong EBIT and EBITDA margins indicate durable operating efficiency in the leasing business. High underlying margins provide a structural buffer against revenue volatility, improve cash conversion potential, and make recovery to net profitability more achievable if top-line trends persist.
Read all positive factors
Avation (AVAP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ82.96M
Dividend Yield0.54%
Average Volume (3M)213.10K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth8.64%
EPS Growth-143.74%
CountryUK
Employees23
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-0.20
Shares Outstanding59,680,300
10 Day Avg. Volume272,702
30 Day Avg. Volume213,096
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.60
Price to Sales (P/S)1.30
P/FCF Ratio2.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
ÂŁ270.00Price Target Upside94.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.16
Revenue Forecast (FY)ÂŁ100.20M
Avation Business Overview & Revenue Model
Company Description
Avation Plc operates as an aircraft leasing company. It owns and manages a fleet of commercial passenger aircraft which it leases to international airlines including airBaltic, EVA Air, easyJet, Philippine Airlines, Air France, Air India, Flybe, F...
Avation Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
40
Negative
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.93M | 112.55M | 89.48M | 92.69M | 109.84M | 110.79M |
| Gross Profit | 91.62M | 112.55M | -3.83M | -14.31M | 3.05M | 116.67M |
| EBITDA | 96.94M | 98.94M | 29.70M | 20.48M | 40.80M | 79.44M |
| Net Income | -13.51M | -7.72M | 19.73M | 12.19M | 17.13M | -84.89M |
Balance Sheet | ||||||
| Total Assets | 992.87M | 1.10B | 1.14B | 1.18B | 1.22B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 112.85M | 58.26M | 34.31M | 37.28M | 122.89M | 122.47M |
| Total Debt | 588.94M | 652.34M | 675.50M | 755.98M | 828.13M | 947.64M |
| Total Liabilities | 762.44M | 858.09M | 885.92M | 937.96M | 989.93M | 1.13B |
| Stockholders Equity | 230.43M | 243.84M | 256.39M | 243.93M | 227.09M | 156.94M |
Cash Flow | ||||||
| Free Cash Flow | -33.98M | 67.81M | 81.56M | 48.38M | 54.46M | 62.18M |
| Operating Cash Flow | 37.74M | 91.50M | 81.57M | 48.39M | 54.48M | 62.28M |
| Investing Cash Flow | 76.98M | -24.73M | 13.21M | 38.52M | 65.62M | 20.08M |
| Financing Cash Flow | -93.78M | -42.23M | -96.03M | -97.36M | -109.90M | -92.59M |
Avation Technical Analysis
Neutral
138.50
Price Trends
136.60
Positive
135.52
Positive
137.46
Positive
Market Momentum
0.77
Positive
50.20
Neutral
21.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AVAP, the sentiment is Neutral. The current price of 138.5 is above the 20-day moving average (MA) of 138.29, above the 50-day MA of 136.60, and above the 200-day MA of 137.46, indicating a neutral trend. The MACD of 0.77 indicates Positive momentum. The RSI at 50.20 is Neutral, neither overbought nor oversold. The STOCH value of 21.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:AVAP.
Avation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ÂŁ2.01B | 12.84 | 24.09% | 2.13% | 9.58% | 14.74% | |
72 Outperform | ÂŁ607.57M | 16.89 | 30.23% | 3.21% | 0.53% | -8.91% | |
71 Outperform | ÂŁ547.13M | 40.40 | 10.50% | 1.03% | 4.62% | 170.53% | |
71 Outperform | ÂŁ1.07B | 18.63 | 11.69% | 3.26% | 2.50% | 40.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | ÂŁ82.96M | -9.24 | -5.70% | 0.54% | 8.64% | -143.74% |
* Industrials Sector Average
GB:AVAP
Avation
138.00
-18.78
-11.98%
GB:AVON
Avon Technologies
1,806.00
-157.08
-8.00%
GB:GFRD
Galliford Try
608.00
195.32
47.33%
GB:KLR
Keller Group plc
2,890.00
1,603.04
124.56%
GB:KIE
Kier Group plc
253.60
60.07
31.04%
Avation Corporate Events
Business Operations and StrategyStock Buyback
Avation Boosts Treasury Stock with Share Buyback Under Ongoing Programme
Positive
Aug 4, 2026
Avation PLC has repurchased 100,000 ordinary shares on the market at 137 pence per share, with the shares to be held in treasury, reducing total voting rights to 59,700,301. The buyback is part of an approved programme allowing the company to buy ...
Business Operations and StrategyStock Buyback
Avation Advances Share Buyback with Treasury Share Purchase
Positive
Jul 24, 2026
Avation PLC said it has repurchased 15,000 ordinary shares on the market at 136.5 pence each, with the shares to be held in treasury, leaving 61,425,369 shares in issue and 59,800,301 voting shares outstanding. The move forms part of an authorised...
Business Operations and StrategyStock Buyback
Avation Repurchases Shares Under Ongoing Buyback Programme
Positive
Jul 23, 2026
Avation PLC has repurchased 10,000 ordinary shares at 135 pence each under its approved share buyback programme, and the acquired shares will be held in treasury. Following this transaction, the company now has 61,425,369 ordinary shares in issue,...
Business Operations and StrategyStock Buyback
Avation Continues Share Buyback, Tightening Free Float and Voting Rights
Positive
Jul 17, 2026
Avation PLC has repurchased 20,000 ordinary shares on the market at 137.5 pence each under its existing share buyback programme, with the shares to be held in treasury rather than cancelled. Following this transaction, the company now has 61,425,3...
Business Operations and StrategyStock Buyback
Avation Tightens Free Float With Treasury Share Buyback
Positive
Jul 15, 2026
Avation PLC has repurchased 10,000 of its own ordinary shares on the market at 137.5 pence per share and will hold the stock in treasury, reducing the free float and total voting rights to 59,845,301. The transaction slightly tightens the company&...
Business Operations and StrategyStock BuybackFinancial DisclosuresPrivate Placements and Financing
Avation Marks 20 Years With Fully Utilised Fleet and Expanded ATR Orderbook
Positive
Jul 13, 2026
Avation PLC, the Singapore-based aircraft leasing company, marked its twentieth anniversary with a fully utilised fleet of 33 aircraft leased to 17 airlines across 17 countries and a diversified mix of narrowbody jets, ATR turboprops and a widebod...
Business Operations and StrategyFinancial Disclosures
Avation Updates Market on Outstanding 2031 Notes and Treasury Holdings
Neutral
Jul 9, 2026
Avation PLC has reported that its wholly owned subsidiary, Avation Group (S) Pte. Ltd., has provided a quarterly update on its Senior 8.5% Notes due 2031 under its US$1 billion global medium term note programme. As of 9 July 2026, US$300 million o...
Business Operations and StrategyStock Buyback
Avation boosts treasury stock with latest share buyback
Positive
Jul 9, 2026
Avation PLC, a commercial passenger aircraft lessor, has repurchased 75,369 ordinary shares on the market at 134.67 pence per share and will hold these shares in treasury. Following this transaction, the company has 61,425,369 ordinary shares in i...
Business Operations and StrategyStock Buyback
Avation adjusts capital structure with buyback and warrant settlement
Neutral
Jul 8, 2026
Avation PLC has repurchased 15,000 ordinary shares at 137 pence per share, placing them into treasury under its approved share buyback programme, and has transferred 14,300 treasury shares to a former employee in settlement of warrant rights tied ...
Business Operations and Strategy
Avation Adds Finnair as Lessee as Regional Aircraft Demand Rises
Positive
Jul 8, 2026
Avation PLC has secured long-term leases with new customer Finnair for two ATR 72-600 turboprop aircraft, to be placed on six-year terms starting in July and September 2026 following a transition from a previous lessee. The deal brings a high-prof...
Business Operations and StrategyStock Buyback
Avation PLC Continues Share Buyback, Updates Voting Rights
Positive
Jul 3, 2026
Avation PLC has repurchased 10,000 of its ordinary shares in the market at 133.5 pence per share, with the shares to be held in treasury. Following this transaction, the company has 61,425,369 ordinary shares in issue, of which 1,493,999 are held ...
Business Operations and StrategyDelistings and Listing Changes
Avation Updates Share Capital as New Ordinary Shares Begin Trading
Neutral
Jun 30, 2026
Avation PLC, a Singapore-based commercial passenger aircraft leasing company listed on the London Stock Exchange, owns and manages a global fleet that it leases to airlines around the world. The group operates within the aircraft leasing sector, p...
Private Placements and Financing
Avation Issues New Shares Following Exercise of Listed Warrants
Neutral
Jun 26, 2026
Avation PLC has issued 81,312 new fully paid ordinary shares, representing about 0.136% of its total voting rights, following the exercise of listed AVAW warrants, with the new shares expected to be admitted to trading on the London Stock Exchange...
Business Operations and Strategy
Avation Cancels 3 Million Treasury Shares, Lifts Voting Share Base
Neutral
Jun 24, 2026
Avation PLC has cancelled 3,000,000 of its ordinary shares previously held in treasury, a move that reduces its treasury stock and adjusts its capital structure. Following the cancellation, the company now has 61,344,057 ordinary shares in issue, ...
Business Operations and StrategyStock Buyback
Avation Adds to Treasury Stock with Targeted Share Buyback
Positive
Jun 23, 2026
Avation PLC has repurchased 20,000 ordinary shares at 134 pence each under its existing share buyback programme, and will hold the shares in treasury, leaving 64,344,057 shares in issue, of which 4,483,999 are in treasury. The transaction reduces ...
Business Operations and StrategyStock Buyback
Avation Continues Share Buyback With Treasury Purchase
Positive
Jun 15, 2026
Avation PLC has repurchased 20,000 ordinary shares on the market at 134 pence per share as part of its ongoing share buyback programme, and the shares will be held in treasury, leaving 59,880,058 shares with voting rights. The buyback, authorised ...
Business Operations and StrategyStock Buyback
Avation Advances Capital Management with New Share Buyback
Positive
Jun 12, 2026
Avation PLC, the London-listed commercial passenger aircraft lessor, operates a global fleet of leased aircraft from its base in Singapore, serving airlines around the world and participating in the aviation finance market. Its business model cent...
Business Operations and StrategyStock Buyback
Avation Buys Back Shares Under Ongoing Capital Management Programme
Positive
Jun 9, 2026
Avation PLC has repurchased 60,000 of its ordinary shares on the market at 134.81 pence per share, with the shares to be held in treasury, reducing total voting rights to 59,925,058. The transaction forms part of the company’s existing share...
Business Operations and Strategy
Avation Expands Fleet and Adds Cambodia Airways as New ATR Leasing Customer
Positive
Jun 8, 2026
Avation PLC, the Singapore-based commercial passenger aircraft lessor listed in London, has expanded its regional turboprop portfolio with the delivery of a new ATR 72-600 to Cambodia Airways on a 12-year lease running to 2038. The aircraft forms ...
Business Operations and Strategy
Avation Secures Eight-Year ATR 72-600 Lease With Indonesia’s FlyJaya
Positive
Jun 3, 2026
Avation PLC has signed an eight-year lease agreement at current market rates with Indonesian carrier FlyJaya for an ATR 72-600 turboprop, with the aircraft delivered on 3 June 2026 under the new terms. The deal supports Avation’s strategy to...
Business Operations and StrategyStock Buyback
Avation cuts voting share count with latest buyback and treasury cancellation
Positive
May 28, 2026
Avation PLC, the Singapore‑based commercial aircraft lessor, operates a fleet of passenger aircraft leased to airlines around the world and is listed on the London Stock Exchange. The company’s business model centres on owning and mana...
Private Placements and Financing
Avation Admits New Ordinary Shares and Updates Voting Rights
Neutral
May 20, 2026
Avation PLC has expanded its equity base with the admission to trading of 86,058 new ordinary shares on the London Stock Exchange’s main market. The new shares rank pari passu with existing stock, maintaining uniform rights for investors and...
Business Operations and StrategyStock Buyback
Avation Advances Share Buyback and Manages AVAW Warrants
Positive
May 19, 2026
Avation has repurchased 100,000 of its ordinary shares on the market at 134.5 pence each under its existing share buyback programme, and will hold these shares in treasury, reducing total voting rights to 59,919,000. The buyback forms part of a ma...
Delistings and Listing ChangesPrivate Placements and Financing
Avation issues new shares on warrant exercise as directors lift stakes
Neutral
May 13, 2026
Avation PLC has issued 86,058 new ordinary shares, or about 0.143% of its total voting rights, following the exercise of its 2023 staff share warrants, which are now fully exercised or lapsed. The shares are expected to be admitted to trading on t...
Business Operations and StrategyStock Buyback
Avation Expands Share Buyback With 1 Million‑Share Repurchase
Positive
May 8, 2026
Avation PLC has repurchased 1,000,000 ordinary shares on the market at 135 pence per share, with the stock to be held in treasury, reducing free‑float and bringing total voting rights to 60,019,000. The move forms part of its previously appr...
Business Operations and StrategyStock Buyback
Avation Buys Back Shares Under Ongoing Capital Management Programme
Positive
May 7, 2026
Avation PLC has repurchased 25,000 ordinary shares on the market at 136 pence each, holding the stock in treasury and reducing total voting rights to 61,019,000. The move forms part of an approved share buyback programme allowing the company to re...
Business Operations and StrategyStock Buyback
Avation Buys Back Shares Under Ongoing Capital Management Programme
Positive
May 6, 2026
Avation PLC, a Singapore‑based commercial passenger aircraft lessor listed in London, owns and manages a fleet of aircraft leased to airlines around the world. The company’s business model centers on long‑term leases of commercia...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.